France: GDP contracts in Q3 following exit from technical recession in Q2

GDP contracted 0.1% in the third quarter over the previous quarter according to preliminary data released by the Statistical Institute (INSEE) on 14 November. The drop contrasted the 0.5% expansion tallied in Q2 and fell short of the flat reading the market had expected. After having exited the technical recession in Q2, the French economy’s performance returned to negative figures this quarter. Revised data will be released on 10 December.

Read more about French GDP.

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